TimPC

18 ms·

481.
by TimPC 4y ago
Georgists get around this issue by abolishing income taxes entirely. Regardless, I think there are fundamental differences between the two cases. Most notably land doesn’t have freedom of choice the way people do. We also currently tax land
482.
by TimPC 4y ago
Land buildings are on tends to become extremely valuable due to all the surrounding businesses that emerge due to a high density of people. If you look at land value maps of cities you get very noticeable spikes in cities. I’ve seen land as
483.
by TimPC 4y ago
Thanks for sharing this it's interesting. The first thing I've noticed is that his estimate of the tax revenue is far lower than other far more detailed estimates I've seen by economists. But by far my biggest objection to hi
484.
by TimPC 4y ago
I think the group that is capturing the most value is actually landlords, followed by speculators. I also agree that 90% LVT may be better in practice, although I do know people who still argue for 100% and various auction mechanisms to det
485.
by TimPC 4y ago
I agree that there is a positive side effect here in that municipalities now have a strong incentive to rezone in ways that increase land value since they capture a portion of that value from their share of the LVT.
486.
by TimPC 4y ago
I think Georgism's main appeal is that if you interfere as best as possible in the mechanism by which land captures the value of labour and use that to reduce other capture of the value of labour you remove the worst excesses of capita
487.
by TimPC 4y ago
Renting the apartment in SF will not be cheap because the land has extremely high value. It's just the government will capture the high value of that land instead of landlords and that high value land capture will be used to remove ot
488.
by TimPC 4y ago
It's hard to measure precisely how popular it was historically but he campaigned for Mayor of NYC as a Georgist and finished 2nd ahead of Teddy Roosevelt who finished 3rd. So Henry George at least was well liked. The book itself was th
489.
by TimPC 4y ago
Some people argue no compensation is required but I think in reality an LVT at 100% reduces the price of all land to $0. Given that land is substantial portion of retirement savings in our current economy, completely obliterating land pric
490.
by TimPC 4y ago
Interestingly because the supply of land is inelastic its supply curve is a straight vertical line. If you charge the tax directly to tenants they lose say $20,000 in LVT tax. This lowers their demand for land by $20,000. Because the suppl
491.
by TimPC 4y ago
The problem is current speculation on land is relatively easy. Having to lobby for a change in zoning one-way when you buy the land and having to take on the risk of not being able to get the change of zoning back the other way when you sel
492.
by TimPC 4y ago
The transition is hard. I'm convinced it has to be both gradual and compensated.
493.
by TimPC 4y ago
Most modern day versions proposed allow you to defer the tax until the sale of your home or pay it as part of the settling of your estate.
494.
by TimPC 4y ago
My city already does a two-factor assessment that includes land value and structure value for assessing my property tax. I don't think just doing the land value component is substantially harder although I do agree it's slightly h
495.
by TimPC 4y ago
Justifiable business reason is still a strong bar. For example, with no evidence in either direction for a claim there is no justifiable business reason even if the claim is somewhat intuitive. So if you want to require high-school diploma
496.
by TimPC 4y ago
There is a very real danger of models being biased in a way that doesn't show up when you apply these crude hacks to inputs. It seems to me we have to be much more deliberate, much more analytical, and much more thorough in testing mo
497.
by TimPC 4y ago
Actually you kind of can't. You don't have a legal basis for forcing the company to run that experiment.
498.
by TimPC 4y ago
Small productivity drains on minority portions of the task are not a requirement of doing the job. Software developers generally spend more time thinking than typing. Typing is not the bottleneck of the job (at least for the vast majority o
499.
by TimPC 4y ago
Progress and Poverty was once the most popular economics book ever written. The Georgist Theory in it, and the land value tax proposed by it is still endorsed by economists today. This review clearly illustrates the ideas from George that l
500.
Book Review: Progress and Poverty(gameofrent.com)
76 points by TimPC 4y ago|127 comments
501.
by TimPC 4y ago
I think the poster is arguing that the things we call merit reflects the ability to do the job well. Any system of hiring has to consider the ability to hire the best person for the job. Quotas are an open-admission we can no longer do thi
502.
by TimPC 4y ago
If the job actually requires typing quickly like a Court Recorder then there is a basis to require typing quickly. If the job doesn’t actually require it, like for example a programmer then enforcing the requirement anyway is discrimination
503.
by TimPC 4y ago
The reason you never want to see those words together is that isolated discrimination may result in a single lawsuit but systemic discrimination is a basis for class action.
504.
by TimPC 4y ago
I don’t think it’s adequate to attempt to prevent discrimination. Discrimination is core to our fundamental human rights. It’s necessary to succeed at preventing discrimination. “We applied best practices in the field to limit discriminatio
505.
by TimPC 4y ago
I think the general problem is the law says certain correlations are fair to use and others are not. If you can prove the AI model has no way to separate out which is which you have a fairly sizeable amount of evidence the AI is discriminat
506.
by TimPC 4y ago
The main thing that soured my opinion is that he supported Bitcoin and other crypto. The environmental damage from crypto is larger than the environmental savings for all electric cars. Elon Musk went from being one of the best things to ha
507.
by TimPC 4y ago
I think our current system is the one that hands developers a huge hammer. It lets them capture all of land rents. I think that’s unjust bs. But if you need to live in fantasy-land where NIMBYs are the ones saving the world instead of poiso
508.
by TimPC 4y ago
This might be extremely controversial but I think Facebook should be able to take down pornography on their platform. Since pornography is considered speech in the US that means I’m not a free speech absolutist. I’m not sure where the right
509.
by TimPC 4y ago
I see. So you’re just one of these fringe libertarians who thinks property rights are so strong they admit no basis for taxation and you want to call all taxation to be both arbitrary and theft. I consider it a privilege for my thoughts to
510.
by TimPC 4y ago
You completely ignored the point. Communities exist currently based on various injustices. You can't correct the injustice without having some impact on who's in the community. You've argued that forcing anyone out of a comm

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